Germanos posts first-half operating loss of 8.1mn euro

Germanos, Romania’s largest telecom retailer said its first-half revenues fell 15.9% to 409.2 million euros, from 486.6 million euros a year earlier, according to OTE, the Greek-based telecommunication provider that holds the mobile phone store chain.

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Despite the 13.1% drop recorded in second quarter this year, to 213.7 million euros from 245.8 million in Apr-Jun 2008, second-quarter revenues were above the ones recorded in Q1.

For the period under review, Germanos recorded an operating loss of 8.1 mn euros, while a year earlier the retailer’s operating income was in the positive territory, at 0.1 million euro.